President Trump Meets with Tourism Executives CSPAN March 17, 2020 5:08pm-5:31pm EDT
announcer: it is easy to follow the federal response to the coronavirus outbreak at c-span.org/coronavirus. track the spread throughout the u.s. and the world with interactive maps and charts. watch briefings and hearings with public health specialists anytime unfiltered. announcer: president trump met toh tourism executives discuss the coronavirus response. we hear about the loss of business around the world and what can be done financially to help support employees. this is 25 minutes. pres. trump: thank you very much. we have the tourism industry executives, the biggest anywhere
in the world. the are going to say a couple of little words. we will talk about the economy quickly and the number of employees, and what has happened since the chinese virus came about. we will be discussing that. we are joined this afternoon by the true leaders of our nation's hospitality and tourism industries. i have known many of you for a long time. i want to thank vice president pence for his tremendous leadership. in the task force, he has done a great job. thank you also to secretary mnuchin. to everybody basically, they are all -- we are all working very hard. we are profoundly grateful to all of the companies and organizations here today representing tens of thousands of american workers, and really representing something so important. some place to stay when you come
to our country. and enhanced cleaning protocols throughout your hotels. we know your industry is among the hardest hit by the economic impact of the virus. we will beat the virus, and we will. we call it the hidden virus, the hidden enemy. we can rebound stronger than ever before. that is what we are doing. we are getting tremendous spirit. republicans are getting along with democrats, a lot of good things are happening. yesterday, we issued new to minimize the risk of exposure and stop the transmission of the virus. my administration has taken decisive action to support american workers and businesses. we love those workers. they are incredible. we are going to come up stronger than ever before. -- s not going to be
the senators have taken up legislation to provide for free testing. paid sick and family medical leave and nutritional assistance for the vulnerable. --are announcing we will be we will be announcing again later on we are working with congress to provide rapid relief for affected workers in industries. this will allow us to emerge from the strongest economy on earth. because we had literally the strongest economy on earth, and -- over 124st countries, unbelievable. but we will emerge. we will be doing things countrytly than this has done it in the past for many decades. we are deeply committed to ensuring small businesses of the support they require, small
business administration announced disaster loans for impacted businesses with up to $2 million. we have asked congress to increase the lending authority to $50 billion. it is a lot of employees. we appreciate it very much. we appreciate you being here. in front of the media. maybe you can say something about your company's and those you employ -- your companies and those you employ. >> i am the ceo of helton. -- of hilton. we employ globally about 450,000 people. 260,000 people here in america. we appreciate you having us here.
we appreciate all you are doing today to keep all of a safe and secure. working on trying to secure a future for the economy that is obviously being impacted by this. vice president pence, thanks to you when all others working on this. as the president pointed out, we are one of the biggest industries in the country, one of the biggest employers in the country. you will hear from others in our industry who have been impacted in a devastating way. i have lived through many crisis, the 9/11 crisis, i have been doing this for 35 years, never seen anything like it. we are hoping for a certain how we protect the small businesses and the people on the front lines of this industry. ,hat number, 5 million people
at this point given what is going on in our industry, arun harm's way -- are in harms way. pres. trump: how are you doing in other countries? some are in very, very bad shape. >> i was looking at the numbers less night. it is strikingly similar everywhere. if you look around the world, just a few days or maybe a week, we will probably be running 10% to 50% occupancy everywhere in the world. ,t is a little bit better here catching up. if you look at the major cities around the u.s., they are running in the single digits, which means for the first time we haveears in hilton, never closed a hotel that was not going to be demolished and rebuilt. the majority of our hotels are closing. pres. trump: we will get them open soon. i think we will be very successful. you will be back in business
soon. you have to keep your employees going. >> that is our first priority. pres. trump: we will be able to do that. >> all over the world. there is not one part of the world that is not severely impacted. pres. trump: thank you very much. >> think you for taking the time to see us -- thank you for taking the time to see us and thank you for what you are doing. about 5000 hotels around the world. in the u.s., we employ tens of thousands of employees in our company. difficult and very challenging time for us. just yesterday i had a phone call with a colleague who owns about 10 different hotels. he had to lay off tens of hundreds of people from his
company. some that have been working there for 20, 30 years. it is affecting their livelihood. the other thing that i mentioned was if the government can help with liquidity, axis of capital, that would be essential. you specifically mentioned swap loans. it is a way to alleviate that burden. pres. trump: we are speaking to the banks soon. the banks have been very a -- very accommodating, i think they will be. >> i am the ceo of marriott. thank you for giving us the time this afternoon. i don't need to repeat much of what has been said. we have about 750,000 people working around the world every day. pres. trump: how many hotel rooms worldwide? >> 1.4 million.
as you know, the business is made up of hotels. hotels are owned operators,se and suburban and role markets all the way to the ritz carlton. u.s. about the globe. this all starts in china. pres. trump: and this all started in china. >> all started in china. pres. trump: that is where you saw the problem and for scott hit. >> absolutely. . -- and you first got hit. >> absolutely. you have been leading this just the way we have. about three weeks ago, we had the horrible weekend in italy. it has left china and moving in
the rest of the world. that therely clear was a spread. we think we might be approaching 2% as of last night. in the rest of the world, including the united states, we have cancellations. in every other market, the numbers are continuing to go down. i don't think we have bottomed anywhere else yet. in the u.s. the last couple of days, when you look at the climbing reservations and cancellations, the total is negative. so we are losing business every day. pres. trump: we have not hit that top yet. we are in the process.
we will have some time with you today, but i think employees first. pres. trump: thank you very much. -- chief executive of the americas. we have hotels around the world. over 3800 hotels. over 530,000 rooms in the u.s. 80% of those are owned by small business people across every state, every county, every community. we're experiencing the same impact similar to hla. i want to turn the attention to small business owners around the country. they are getting impacted, it is not just their employees beginning to see an impact in entireses, but ecosystems of suppliers, vendors. i am pleased we can work together with the administration to find a solution to preserve the network of entrepreneurs across the country. pres. trump: yes. we will.
ceo of choice hotels international. we have 6000 hotels in the u.s. we are in secondary and tertiary markets. we may be the only hotel in a small town. those owners have key concerns how dokey concerns, one they keep occupancy, and how they pay their mortgage? are spaur hotels eligible. there are some red tape we have been suggesting. pres. trump: what do suggest and -- what are your suggestions? >> you want them right now? i will give them to you right now. we need the cap raised. pres. trump: to what? >> at least $10 million on an
individual basis. secondly is the personal liquidity test that just got put in place. that could be rolled back. the final one is figuring out the affiliation. and multiplehip hotels, restricting the amount of capital. would really like the opportunity to speak to those requirements. pres. trump: instead of accumulating properties. >> absolutely. pres. trump: thank you. >> ceo of hyatt hotels. there are 600 and the united states come up -- and the united states, with 7000 employees. we have a large base of group business in the u.s. we have been tracking major cancellations. we now have tracked in the u.s. events, not major
sports events, but universities and those kind of things. actual convening conventions. when we look at just the other meetings that have been canceled, there are attendees of one and a half million people. when you think about the ecosystem, there are major convention markets were those attendees are not showing up, not going on airplanes, not staying in our hotels, not going out to restaurants. the collective impact is quite serious. the key issue i would agree with his the urgency is very high. day by day, the occupancy rates have dropped. now we are seeing occupancy below 10%. -- and thel digits single digits in the vast majority of our hotels. pres. trump: do you see a quick
buildup? >> at all depends on how confident people are to get back on planes and start traveling again. that is really the key issue. we also have to position ourselves to get people back into their jobs, either retain them or rehire them. one of those two things are critical, because we all are proud of the people we have employed and want to retain them. whether we can retain them or get them rehired early. pres. trump: hopefully you can retain them. that is what we are shooting for. >> think the issue of that, mr. president, is one of our buildings are running a percent, 9%, allof those -- 8%, of those employees are being laid off day by day. somewhere, 80,000 people this week, because owners can't pay them.
>> it is happening since the day it began. >> one of the things we want to talk about is creating a fund for those people in order to stop that from happening. pres. trump: what kind of a fund would that be? >> in lieu of sort of unemployment insurance -- pres. trump: how many dollars? payroll for the industry is $45 billion. you can sort of skillet from there. pres. trump: i got it. --think you for your time thank you for your time. associates and0 take care of or 5 million households on vacation every year. largely in the industry, it is about an $80 billion impact to the overall economy. we employ directly to hundred 50,000 people, another 250,000
two other small businesses that work well with our industry. we purely serve a leisure customer, which means just like t,ter 9/11, just after tha our customers will be back very quick. quickly andver accelerate back to the economy once we get to the other side. pres. trump: thank you very much. >> thank you mr. president, mr. vice president. good to see you all again. i just wanted to say on behalf of mgm, we have made decisions around the country to close our resorts, and tomorrow night, we will close all resorts in las vegas. that is 70,000 people we are now putting on a furlough.
i want to retain those employees and bring them back as soon as possible. willegas, as you know, come back rapidly once you give us a green light. but it is very important we keep these people on our payroll as soon as possible. i also represent the 2 million jobs in the gaming industry in the u.s. as you know, many of those casinos are in cities that rely upon them for their tax revenues. i appreciate your efforts and i stand by to help you in any way i can. pres. trump: we will get it done. >> richard bates, with the walt disney company. i am here for the theme park the themeness -- with park hotel business. we have 20,000 employees. our company is great because of our employees. retention is the most important issue for me. second would be liquidity. i support some kind of employee/ --ployer payroll
pres. trump: what is the best of the various scenarios? >> i like them all, but that when i like a lot. pres. trump: the most direct. >> i think so. >> thank you, mr. president. disney has people out of work today. as mgm, we voluntarily closed these resorts. if we could get relief on that, we absolutely want to keep these people on foot. pres. trump: did the parks outside the u.s. close? >> everything. it is a worldwide problem. pres. trump: that is incredible. own two resorts in one area. we are starting to see a recovery, but it is absolutely single-digit occupancy right now. we are not seeing better
results. >> president and ceo of the american lodging hotel association. occupancy was 67% last year. that helped support the jobs. right now, we are probably under 20% nationwide and headed south. if by the end of the year we get to 35% and nothing else happens, that will be about 4 million jobs lost. pres. trump: but they will come back as we age a little bit, right? >> yes. pres. trump: we will come back fast. thank you very much. ok, thank you all very much. -- come on guys. pres. trump: we have to help boeing, we have to help the airline industry. it was not their fault. we will do that, we will be doing that.
it will come back very quickly once we are finished with the war on the virus. -> the payroll tax holiday - 10% in 2010. pres. trump: we can definitely afford it. to doestion is do we want other ways of doing it? that is what we are determining along with the senate right now. we are working on this together, john. thank you all. >> the employees of these companies will have all been furloughed -- what is the message? pres. trump: the message is this is something that happened, it is nobody's fault, it happened and we will take arabic of it. we will be bigger, stronger, and better than ever before. thank you very much.